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. >> adt. >> josh brown. >> buy johnson & johnson. >> there's more "fast money." the dow is off its lowest level of this day thus far it's down 120 points. it was down 145 at its lowest levels. keeping our eye on the cliff and the negotiations in d.c. follow me on twitter. >>> "halftime" is over. the second half of your trading day begins now. >>> the skies over capitol hill. what's going on there is landing like a led balloon on wall street. if you're losing money the last four days, you know who it is. senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a
is going on right now according to rich mcconnell. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin
brown follower. i think he's a little different, in my book, but that tweet he sent where the president made the gop a deal and he was jumping on a plane and all of a sudden the white house denied it's true and now we see that the house of representatives, for no apparent tangible reason, going to be back in session on sunday, i personally think scott brown tweeted something he wasn't supposed to. i think there is movement there, and i think maybe his tweet offers us a clue, even though nobody want to acknowledge the characters in kabuki theser. >> isn't that interesting. andrew, it all comes as the volatility index, the fear indicator in the market has been rising. we were back in yellow black territory, above 20 for the first time since july. which would mean that the market was actually getting sweaty palms here, don't you think? >> yeah. it's getting pretty chaotic. the interesting thing to me is you look at the volume. the volume is extremely low. look at a stock like apple. shares 20 million shares in a day. today half the volume. traded 10 million shares. came out and said the ho
brown, and oh, there is going to be a call to bring congress back in. it was amazing to see the market on that -- >> scott brown bottom, as a lot of people were calling it. you were down more than 51. >> and it is amazing to see how our fortunes are being tied the at this point to what is going on in d.c. and every minor tweet or post or headline or what not, at the end of the day, it was four straight losing sessions for the dow, nasdaq, as well as the s&p 500. certainly something we have to watch. in the meantime, the clock is not only ticking for the fiscal cliff, but time is running out to avoid a strike at ports in massachusetts and texas, that could affect containers to and from the u.s. from reaching their destination. talks are taking place in secrecy between the international long shoresman association and the u.s. maritime alliance in an effort to keep 14,000 longshoreman from walking off the job. the national association of manufacturers puts the cost of a potential strike at $1 billion a day. and this is not just finished goods, obviously, but also raw materials and parts c
brown, partner in a.t. kearney's retail practice. do we know, you have a good number for me? is 2 1/2 the number, between 3 and 4, do we know? >> the numbers are all over the place depending on what time period you're looking at and who's numbers you're looking at. most of the consensus is going to be that 2.5%, 3% range where it was forecast at the beginning of the season. >> 3% to 4% would be better. >> it looks like it's going to be closer to the 3 number. >> every year we sweat this out and there's not a whole lot of deviation from the mean most years. is there more this year because of the cliff? >> yeah, i think the cliff is partially about it. but you have to look at where we come from. beginning of the season, we saw the economy turning around. we saw construction increasing. we saw consumer confidence being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there
Search Results 0 to 4 of about 5